Earnings time yet again. I opened Lion Forest earnings announcement. I wrote on it before. Some Comments On Lion Forest
It said it made some 18.969 million.
My first thing, look at the balance sheet. Sadly I did not have much to read.
Amount owing by associates = 246.763 million!!!!!!!!!
Since when Lion Forest became a bank and started lending money???
My oh my.... such a practice is still allowed???
Sigh.
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2 comments:
Good day Ze Moola,
Have you done any analysis on JCY, any clue on JCY ?
Alvin,
Sorry I have yet to take my time to read up on JCY. It's too early days for me.
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